By: Assisted Living update
A just-released senior housing research report says most investors will favor the assisted living sector over other types of senior housing for the rest of 2009 and beyond, noting that “the cohort of retirees that needs assistance with no more than two ADLs is growing, which should support long-term operations.”
The “Seniors Housing Research Report: First Half 2009,” by real estate investment services company Marcus & Millichap, says the economic slowdown has had an affect on the senior housing market overall, mostly in the form of lower occupancy numbers. However, occupancies across the senior housing board “are converging in the low 90 percent range,” an indication of market stabilization and recovery.
The average revenue per occupied assisted living unit increased 5.2 percent in 2008, according to the report. Average revenue growth was 3.7 percent for dementia care units
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